From next week speeding fines are set to dramatically rise in an attempt to deter drivers from breaking speed limits.

New sentencing guidelines come into effect on Monday and as a result speeding fines for the most serious cases in England and Wales will rise by up to 50pc after magistrates were instructed to get tougher.

The new fine structure is ranked into three categorised bands, with the least severe being Band A, while the most severe is Band C.

Band C fines are for speeders who commit the most serious offences and carry a minimum fine of 150pc of the offender’s weekly income.

The current limit for a speeding fine is 100pc of the driver’s weekly wage, up to £1,000 - or £2,500 if they are caught on a motorway. The upper limit will not increase with the changes.